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Canada’s Richest 1% Nearly As Wealthy As Poorest 80%
(www.readthemaple.com)
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Yeah, the issue here isn't the middle class, it's as usual, the owner class that's the problem
The middle class is their tool. They are incented to perpetuate this bullshit.
The middle class is like the personal carbon footprint - it's a fabrication created by the ultra-wealthy to divert responsibility from themselves. There is only the owner class and the working class.
Except the middle class actually does own most stuff, and consume the most. The ultra-rich are rich, but there's just so few of them.
In Pikettys Capital in the 21st Century the breakdown for US wealth distribution was something like: top 1% has ~30%, top 10% has ~50% (that includes the 1%), the next top 40% have almost all the rest so like ~49%, and the bottom 50% of the economic ladder has that 1%. That was a decade ago, and its gotten worse since then
I respectfully disagree. The middle class is not perfect, but the issue here is the ruling class
How are you (OP) blaming the "middle" class? What could you suggest nurses, teachers, fire fighters, etc do to solve the problem of wealth inequality?
I genuinely want to know because it seems to me that we control nothing and have no excess to give.
Stop performing those services. En mass.
...so let people die, stop caring for our neighbours, allow ignorance and illiteracy to fester. Seems extreme and misplaced.
A better, less-nihilistic approach might be: stop buying things, cancel subscriptions, sell dividend-paying stocks, etc. Or even better: a general strike.
Wait, what difference does it make whether the stocks pay dividends or not?
A general strike is stopping doing those services en masse.
Yes, but it includes the whole population rather than a narrow sub-section. It would also send a much stronger message.
See what happens when CEOs and politicians need to wipe their own asses.
You get that they'll just de-professionalize those roles and let untrained, unskilled hacks and quacks loose on the general populace, right? I mean you want to have your kids taught by some goof quoting Grok, and your grandma getting her life saving treatment from Bobby Kennedy approved witch-doctors that's where you end up if the professionals all decide to quit En Masse.
What's going on in schools isn't much better.
Lol, too true 😁
Who suffers the most? The vulnerable
Do you mean "incentivized?" But yeah.
Incent is correct in fact 🤓
incent verb in·cent in-ˈsent incented; incenting; incents transitive verb
: incentivize … a large prize … may also incent some employee referrals. —Bill Conerly
Its definition is literally a reference to "incentivize," so all that proves is that language has rotted slightly
Back in the 1840s apparently.
https://www.oed.com/dictionary/incent_v?tl=true
Not if you actually read the chart
"The earliest known use of the verb incent is in the 1840s."
???
If you read the chart, rather than just the AI summary, you'd see that usage was quite low until a slow rise in the mid-20th century.
I read the whole document akshully. No need to be so cranky.